ISABELGIUM
ActiveSummary
The computed 12-month bankruptcy probability of ISABELGIUM is 2.0% (moderate). The 2024 annual accounts show equity of €20,459 and a net result of €7,185. Equity is growing by ~33% per year across the filed fiscal years. Its solvency ranks better than 68% of 26043 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability92▼-1
Solvency79▲+30
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.05 in 2023; short-term debt: 46.4% and cash: 60.4% of total assets), and 46.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
53.6%
Return on assets
18.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
30 d late
2022
18 d late
2021
13 d early
2020
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 17 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€20,459▲ 54.1%
2023 · €13,274
Total assets
€38,164▼ 32.3%
2023 · €56,400
Net result
€7,185▼ 33.3%
2023 · €10,774
Working capital
€7,133▲ 259%
2023 · €1,987
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€11,739-€9,421▼ 19.7%€34,051▲ 261%€16,562▼ 51.4%€11,899▼ 28.2%
Net result€9,133within the sector's middle half-€5,154within the sector's middle half▼ 43.6%€24,128above the sector's middle half▲ 368%€10,774within the sector's middle half▼ 55.3%€7,185within the sector's middle half▼ 33.3%
Equity€2,500below the sector's middle half-€7,654within the sector's middle half▲ 206%€31,781within the sector's middle half▲ 315%€13,274within the sector's middle half▼ 58.2%€20,459within the sector's middle half▲ 54.1%
Total assets€18,419below the sector's middle half-€26,765below the sector's middle half▲ 45.3%€44,939below the sector's middle half▲ 67.9%€56,400below the sector's middle half▲ 25.5%€38,164below the sector's middle half▼ 32.3%
Debt€15,919-€19,111▲ 20.1%€13,157▼ 31.2%€43,126▲ 228%€17,705▼ 58.9%
Working capital€604within the sector's middle half-€6,083within the sector's middle half▲ 906%€26,829within the sector's middle half▲ 341%€1,987within the sector's middle half▼ 92.6%€7,133within the sector's middle half▲ 259%
Solvency13.6%within the sector's middle half-28.6%within the sector's middle half▲ 15.0pp70.7%above the sector's middle half▲ 42.1pp23.5%within the sector's middle half▼ 47.2pp53.6%within the sector's middle half▲ 30.1pp
Current ratio1.04within the sector's middle half-1.32within the sector's middle half▲ 0.283.04above the sector's middle half▲ 1.721.05within the sector's middle half▼ 1.991.40within the sector's middle half▲ 0.36
Return on assets (ROA)49.6%above the sector's middle half-19.3%above the sector's middle half▼ 30.3pp53.7%above the sector's middle half▲ 34.4pp19.1%above the sector's middle half▼ 34.6pp18.8%above the sector's middle half▼ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 28% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38,164
Fixed assets
€13,326 ▲ 18.1%
Current assets
€24,838 ▼ 44.9%
Equity and liabilities €38,164
Equity
€20,459 ▲ 54.1%
Debt
€17,705 ▼ 58.9%
Debt's share of the balance-sheet total falls from 76.5% to 46.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,310▼
2023 · €19,343
Cash flow
€11,597▼
2023 · €13,554
Debt to equity
0.87▼
2023 · 3.25
ROE
35.1%▼
2023 · 81.2%
Interest coverage
9.40▼
2023 · 9.41
Debt ≤ 1 year
€17,705▼
2023 · €43,126
Income taxes
€4,128▼
2023 · €4,189
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €316 | €1,456 | €1,488 | €2,781 | €4,411 | ▲ 58.6% |
| Other operating charges640/8 | - | €581 | €619 | €345 | €1,073 | ▲ 211% |
| Gross operating margin9900 | €12,452 | €11,458 | €36,158 | €19,688 | €17,383 | ▼ 11.7% |
| Operating profit (loss)9901 | €11,739 | €9,421 | €34,051 | €16,562 | €11,899 | ▼ 28.2% |
| Financial income75/76B | - | - | €0 | €455 | €1,149 | ▲ 153% |
| Recurring financial income75 | €95 | - | €0 | €455 | €1,149 | ▲ 153% |
| Financial charges65/66B | - | €2,665 | €2,909 | €2,055 | €1,735 | ▼ 15.6% |
| Recurring financial charges65 | €251 | €2,665 | €2,909 | €2,055 | €1,735 | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €11,583 | €6,756 | €31,143 | €14,963 | €11,313 | ▼ 24.4% |
| Income taxes67/77 | €2,450 | €1,602 | €7,015 | €4,189 | €4,128 | ▼ 1.5% |
| Profit (loss) for the period9904 | €9,133 | €5,154 | €24,128 | €10,774 | €7,185 | ▼ 33.3% |
| Profit (loss) for the period to be appropriated9905 | €9,133 | €5,154 | €24,128 | €10,774 | €7,185 | ▼ 33.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,419 | €26,765 | €44,939 | €56,400 | €38,164 | ▼ 32.3% |
| Formation expenses20 | €787 | - | - | - | - | - |
| Fixed assets21/28 | €1,108 | €1,571 | €4,952 | €11,287 | €13,326 | ▲ 18.1% |
| Tangible fixed assets22/27 | €1,108 | €1,571 | €4,952 | €7,717 | €9,756 | ▲ 26.4% |
| Plant, machinery and equipment23 | - | €841 | €464 | €4,003 | €1,820 | ▼ 54.5% |
| Furniture and vehicles24 | - | €730 | €4,488 | €3,714 | €7,935 | ▲ 114% |
| Financial fixed assets28 | - | - | - | €3,570 | €3,570 | = |
| Current assets29/58 | €16,523 | €25,194 | €39,987 | €45,113 | €24,838 | ▼ 44.9% |
| Amounts receivable within one year40/41 | €2,236 | €4,411 | €7,172 | €20,971 | €1,772 | ▼ 91.6% |
| Trade receivables40 | - | €3,144 | €2,945 | €4,029 | €1,366 | ▼ 66.1% |
| Other amounts receivable41 | - | €1,268 | €4,228 | €16,942 | €406 | ▼ 97.6% |
| Cash at bank and in hand54/58 | €14,239 | €19,535 | €31,567 | €24,141 | €23,067 | ▼ 4.5% |
| Deferred charges and accrued income490/1 | - | €1,248 | €1,248 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,419 | €26,765 | €44,939 | €56,400 | €38,164 | ▼ 32.3% |
| Equity10/15 | €2,500 | €7,654 | €31,781 | €13,274 | €20,459 | ▲ 54.1% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | - | €5,154 | €29,281 | €10,774 | €17,959 | ▲ 66.7% |
| Distributable reserves133 | - | €5,154 | €29,281 | €10,774 | €17,959 | ▲ 66.7% |
| Amounts payable17/49 | €15,919 | €19,111 | €13,157 | €43,126 | €17,705 | ▼ 58.9% |
| Amounts payable within one year42/48 | €15,919 | €19,111 | €13,157 | €43,126 | €17,705 | ▼ 58.9% |
| Trade debts44 | €1,007 | €4,551 | €4,274 | €6,766 | €3,970 | ▼ 41.3% |
| Suppliers440/4 | - | €4,551 | €4,274 | €6,766 | €3,970 | ▼ 41.3% |
| Taxes, remuneration and social security45 | - | €5,952 | €8,883 | €11,471 | €8,294 | ▼ 27.7% |
| Taxes450/3 | - | €4,052 | €8,883 | €11,471 | €8,294 | ▼ 27.7% |
| Remuneration and social security454/9 | - | €1,900 | - | - | - | - |
| Other amounts payable47/48 | - | €8,609 | - | €24,889 | €5,442 | ▼ 78.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,133 | €5,154 | €24,128 | €10,774 | €7,185 | ▼ 33.3% |
| + Depreciation and write-downs630 | €316 | €1,456 | €1,488 | €2,781 | €4,411 | ▲ 58.6% |
| Operating cash flow (approximation) | €9,449 | €6,610 | €25,615 | €13,554 | €11,597 | ▼ 14.4% |
| Investment in fixed assets (approximation) | - | -€1,919 | -€4,869 | -€9,115 | -€6,450 | ▲ 29.2% |
| Change in cash | - | €5,296 | €12,031 | -€7,425 | -€1,075 | ▲ 85.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
07-08
State Gazette act
Resignation: Vandaele Dominique Pierre Bernice (director)Appointment: Alfred Ofosuhene (director) · Registered-office move · Director discharge5 facts ▸
State Gazette act
Resignation: Vandaele Dominique Pierre Bernice (director)
Appointment: Alfred Ofosuhene (director) · Registered-office move · Director discharge5 facts ▸
- General meeting, 17-06-2026
- Registered-office move, Grotehondstraat 44, 2018 Antwerpen
- Director resignation, Vandaele Dominique Pierre Bernice (director)
- Director discharge, Vandaele Dominique Pierre Bernice (director)
- Director appointment, Alfred Ofosuhene (director)
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Highest result since 2020net €24,128 ▲368%
Operating result €34,051, net result €24,128, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.04
Current ratio from 1.32 to 3.04; short-term debt falls from €19,111 to €13,157.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €5,154 ▼43.6%
Net result drops to €5,154, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Alfred Ofosuhene
CurrentDirector · since 17-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2020
Ground area
7,981 m²
Building footprint
821 m²
Volume, LiDAR
8,749 m³
2 parcels, Flanders · tallest building 20.6 m, ±5 floors. Linked by address, not a title deed.
65
companies at this address
See who is registered here
1 establishment unit
ISABELGIUM
since 20202.308.439.157
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062D0400/00A000 | Flanders | 5,063 m² | 1 · 626 m² | 20.6 m · 4 fl. |
| 11806F1277/00B006 | Flanders | 2,918 m² | 1 · 195 m² | 19.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Alfred Ofosuhene |
|
| Vandaele Dominique Pierre Bernice |
|
Articles of association
Who signs
Each director alone
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 3,220 companies in sector 47781 we hold annual accounts for 740. 372 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
46170Agents in the wholesale of food, beverages and tobacco
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754795996
Also
9925:BE0754795996
Registered
09-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.